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SBI Life Smart Money Back Plan Bonus Rates. Calculate returns & Maturity Value
SBI Life Smart Money Back Plan Bonus Rates. Calculate returns & Maturity Value
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Bonus rates for SBI Life Smart Money Back Plan

The table below shows the Bonus rates declared for SBI Life Smart Money Back Policy from inception. You can use this to calculate the SBI Life Smart Money Back Plan Maturity Value. The vested bonus rates are percentage of  Sum Assured.

In case you have a plan with Sum Assured of Rs. 5,00,000 - Use the values in the table as following:

Bonus Value = (Sum Assured x Bonus Rate) = (5,00,000 x Bonus Rate)

Simple Reversionary Bonus for SBI Life Smart Money Back (Regular Premium) Plan
 
Year Policy Term (in years) Bonus Rate
2019 12 (Plan 1) 3.25%
15 (Plan 2) 3.25%
20 (Plan 3) 3.25%
25 (Plan 4) 3.25%
2018 12 (Plan 1) 3.25%
15 (Plan 2) 3.25%
20 (Plan 3) 3.25%
25 (Plan 4) 3.25%
2017 12 (Plan 1) 3.25%
15 (Plan 2) 3.25%
20 (Plan 3) 3.25%
25 (Plan 4) 3.25%
2016 12 (Plan 1) 3.00%
15 (Plan 2) 3.00%
20 (Plan 3) 3.25%
25 (Plan 4) 3.25%
2015 12 (Plan 1) 3.00%
15 (Plan 2) 3.00%
20 (Plan 3) 3.00%
25 (Plan 4) 3.00%
2014 12 (Plan 1) 3.00%
15 (Plan 2) 3.00%
20 (Plan 3) 3.00%
25 (Plan 4) 3.00%
2013 12 (Plan-1) 3.00%
15 (Plan-2) 3.00%
20 (Plan 3) 3.00%
25 (Plan-4) 3.00%
2012 12 (Plan-1) 2.75%
15 (Plan-2) 2.75%
20 (Plan 3) 2.75%
25 (Plan-4) 2.75%


Terminal Bonus
Terminal bonus is one time bonus which is payable at maturity. Terminal Bonus is a percentage of the total amount of bonuses allocated including Simple Reversionary, Interim and Special bonuses, if any. As of now, no terminal bonus has been declared in this plan.

Interim Bonus
If policy matures or death occurs before the end of the financial year or between the two successive bonus declaration dates, then the interim bonus is payable.

Interim Bonus for SBI Life Smart Money Back (Regular Premium) Plan
 
Year Policy Term (in years) Bonus Rate
2019 12 (Plan 1) 3.25%
15 (Plan 2) 3.25%
20 (Plan 3) 3.25%
25 (Plan 4) 3.25%
2018 12 (Plan 1) 3.25%
15 (Plan 2) 3.25%
20 (Plan 3) 3.25%
25 (Plan 4) 3.25%
2017 12 (Plan 1) 3.25%
15 (Plan 2) 3.25%
20 (Plan 3) 3.25%
25 (Plan 4) 3.25%
2016 12 (Plan 1) 3.00%
15 (Plan 2) 3.00%
20 (Plan 3) 3.25%
25 (Plan 4) 3.25%
2015 12 (Plan 1) 3.00%
15 (Plan 2) 3.00%
20 (Plan 3) 3.00%
25 (Plan 4) 3.00%
2014 12 (Plan 1) 3.00%
15 (Plan 2) 3.00%
20 (Plan 3) 3.00%
25 (Plan 4) 3.00%
2013 12 (Plan-1) 3.00%
15 (Plan-2) 3.00%
20 (Plan 3) 3.00%
25 (Plan-4) 3.00%
2012 12 (Plan-1) 2.75%
15 (Plan-2) 2.75%
20 (Plan 3) 2.75%
25 (Plan-4) 2.75%

Note: Reversionary and Interim Bonus Rates are a percentage of Sum Assured.

Maturity Value
So to get to the SBI Life Smart Money Back Plan, you have to add all of the following - Sum Assured + Accrued bonus + Any special bonus + Terminal Bonus.

Do let us know in case you need any further information on the bonus rates for this plan or in calculating the returns for your SBI Life Smart Money Back Policy. 

Please contact the SBI Life office for exact details of the bonus which has accrued in your plan.You can read more about the plan and it’s working here - SBI Life Smart Money Back Plan.
 
 
 

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